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IPO-bound Zomato is now a public limited company

Shortpedia

Content Team
Image Credit: shortpedia

Foodtech giant Zomato has converted itself from a private company to a public limited company ahead of its initial public offering (IPO), scheduled for this year. The company passed a special resolution on April 5, 2021, and renamed itself to Zomato Limited effective from April 9 onwards. Zomato has capitalised INR 235.4 Cr from its security premium account to facilitate this allotment.